ELECTRA PRIVATE EQUITY PLC - Requisition for a General Meeting

Electra Private Equity PLC

22 August 2014 Requisition for a General Meeting

Electra Private Equity PLC ("Electra" or "the Company") announces that it has
yesterday afternoon received a requisition on behalf of Sherborne Investors GP,
LLC ("Sherborne") requiring the directors to call a general meeting of the
Company's shareholders. The object of the general meeting is to consider
resolutions that Mr. Edward Bramson be appointed as a director of the Company,
that Mr. Ian Brindle be appointed as a director of the Company and that Mr.
Geoffrey Cullinan be removed as a director of the Company. No further
resolutions or specific proposals were provided.

Electra will send a notice convening a general meeting to its shareholders in
due course.

As indicated in an RNS dated 29 July 2014, the Chairman of Electra, Mr. Roger
Yates, together with a fellow non-executive director Mr. Cullinan, met with Mr.
Bramson on 24 July 2014. At this meeting, Mr. Bramson requested that three new
directors be appointed to the Board of Electra and that he be given a mandate
to lead a strategic review of the Company. The Board of Electra carefully
considered Mr. Bramson's request and decided to reject it.

The Board of Electra has a long-standing policy of being comprised wholly of
independent non-executive directors. Neither Mr. Bramson, representing a c.19%
shareholder in the Company, nor Mr. Brindle, who has a longstanding working
relationship with Mr. Bramson, would be independent. The Company's superior
performance over the long term provides clear evidence to support this policy
of complete independence.

The Board has always listened, and will continue to listen, to the views of
shareholders consistent with enhancing long-term shareholder value. The Board
believes that maintaining an open dialogue with shareholders and a wholly
independent Board structure best enables the Board to consider the interests of
all shareholders without undue influence from any quarter.

The Board of Electra actively keeps the Company's strategy under regular
review, is of the opinion that the current strategy has delivered superior
long-term returns for all shareholders and sees no reason to deviate from this
successful strategy.

Over the 10 year period to 31 March 2014, Electra has delivered a share price
total return of 268%, more than double the total return of the FTSE All-Share
(129% over the same period) and more than six times the total return for the
Morningstar Private Equity Index* (39% over the same period). The Company's
diluted NAV per share total return for the period is equivalent to a ten-year
annualised return on equity of 14%, at the upper end of our target range of
10-15%.

Enquiries

Goldman Sachs International +44 (0) 207 774 1000

Anthony Gutman

Alex Garner

Ken Hayahara

J.P. Morgan Cazenove +44 (0) 207 742 4000

Michael Wentworth-Stanley

William Simmonds

Greenbrook Communications +44 (0)20 7952 2000

Andrew Honnor

Charlotte Balbirnie

Matthieu Roussellier

* The Morningstar Private Equity Index is a bespoke index prepared by
Morningstar UK Limited reflecting the performance of 19 private equity
vehicles, excluding Electra, quoted on the London Stock Exchange.